Kolkata, Aug 3 (IANS) City-based Berger Paints is planning to expand its existing pants in Andhra Pradesh and Maharashtra at a cumulative investment of over Rs 350 crore, CEO Abhijit Roy said here on Wednesday.
The company, which posted a consolidated net profit of Rs 120.30 crore for the first quarter of the current fiscal, is also setting up two new plants in Assam which are expected to be operational by January 2017.
Roy said the company would invest over Rs 130 crore in two phases to expand the capacity of its plant in Maharastra's Jejuri.
The total capacity would be ramped up from the present 12,000 tonnes per annum to about 43,000 tonnes after the second phase, said Roy
"We will be investing about Rs 240 crore in setting up new buildings and machines adjacent to the existing facilities in Hindupur in the next 3-4 years. This will double the total capacity of the plant in from the existing 72,000 tonnes," said Roy.
Besides, the company's two upcoming plants in Assam are expected to be operational by January next.
The integrated paint plant at Naltoli in the Nagaon district will have an initial annual capacity of about 24,000 KL per annum of water based paints and 13,200 KL per annum of solvent based paints together with corresponding resin manufacturing facility.
The distemper and putty manufacturing facility in Nalbari near Guwahati being set up by the British Paints Division of the company, will have a capacity of 1,200 tonnes and 6,000 tonnes per annum, respectively.
"The Assam plants will become operational in January 2017. These will be catering to the north-eastern market," added Roy.
